The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-08-19
RINANCE and COMMERCE.
HONEY 8 PER CENT, NEW YORK
EXCHANGE 1.S PREMIUM.
Cotton Quiet Mlddling Cotton 9fc
SALES Today, Unim.
p0rtant.


viously quoted-Spsr cent. The loan
able fund supply is amply sufficient
for all business requirements.
No session Of the Stock Call Board
was held today, and prices Of securi.
ties remain without material change.
The local cotton market was quiet
and unchanged. No sales.
The New Orleans market closed firm
ard. unchanged. Futures closed
steady; August advanced 8 points,
September declined point, and the
new crop months went off ! to 2
points.
At Liverpool spots are quoted
steady, fair demand, with decline o.
1.16d on all grades except middiing
uplands and orleans.
New York spots advanced l.l6,.and
futures advanced point on the old
crop months and l to 2 points on the
new. A leading New York cotton cir
cular, OF the 18Th, says Of the future
market: IAN absence Of orders keeps
the market within the narrow cnan.
nels Of the local scalping, and matters
are again very stupid. About the
only outside feature today was q slight
ly better showing at Liverpool, and
this may possibly account for the to
4points fuller bids obtained, but even
this small advance could not be fully
supported, and the close was slow and
tame all around. Southern advices
generally were without change, and
there was nothing in the crop accounts
that could be taken advantage Of by
either bull or Dear. The spot move
msnt continues fair, with more doing
for export than reported, are prices
are up lie per pound"
The Liverpool correspondent Of the
Manchester Guar dian writes to that
j,urnal as follows: Turning to stocks
in this market, and especially to
American stocks, appearances are that
they will run down very low, and un-
less shipments should be early they
are likely to remain low ior some little
time. Alter a crop OF 6,400, 900 Tor
s,450, 0O0) there will usually be found
in the stock at the end Of the season
large proportion Of low cotton and Of
high class extra staples, etc, and as
the stock reaches low figures useful
and workable cotton is liable 10 be-
come more and more scarce. Already
the selection OF useful and good
stapled cotton Is becoming somewhat
restricted, and q month hence this
feature Is likely TO become more
marked. As regards fresh supplies
OF new cotton, II seems probable that
both the continental and the
American spinners are not unlikely
to prove early and large buyers. 1t Ia
conf iently stated that the Russians
intend placing an import duty on
cotton at no distant date. Whether
this will prove TO be the case II may
be difficult to say but should II occurr
or should II only look likely, II is al.
most cure to induce Russian spinners
10 buy and impor. all they ca, Of the
early cotton before the new duties are
levied"
NJ. LIGHT, Of Msgdeburg, estimates
the sugar crop Of the world for 1886
81 as follows: Cane sugar, ALA ,001
tons; beet sugar, 1858, 900 tons. To-
tai, 4.767,00o tons. These figures show
an excess OF produc ion for lss6-s7 Of
4ii,0O0 tons as compared with 1855.
Coaes lie ieverish, with an apparent
inclination TO improve, but II Ia YET
diffic ilt TO create the proper degree oi
sentiment among buyers, and the
movement rather hangs FIRE. Stocks
however, are shfiiy held, and holders
seem confident. The New York canned
goods market has retained q very
steady appearance, with the tendency
however, stronger in new crop goods
the generally uoiavorable reports from
all sections and upon all articles Gre
ating q feeling Of uncertainty relativ,
TO future prices.
IMPORTS.
Two thousand aud twenty-five roll
bagging, 100 pkgs bscon, l22 pkg
boots and shoes, 1900 bu corn, 1896 skl
coffee, 700 sks colt IN seed, | car cottor
seed, $40 dds cotton ties, 70 pkgs dr.
goods, AZ pkgs eggs, 500 brls hour, 42'
bales nay, rs pkg' hats, 10 head cattle
10 head horses and mules, 1856 pkg
lard, 5000 feet lumber, 10 pkg
liquors, 1000 bu oats, car pork sides
is pkes rice, 306 brls sugar and Al
pkgs tobacco.
JOHN n. NORTON